Bessent downplayed the surge in Treasury yields and concerns about an AI bubble, saying the latest bond market correction is not unique to the U.S. and is mainly driven by shifts in the global interest rate environment. The takeaway: Treasury volatility reflects a global convergence, not one-sided selling of non-U.S. assets; concerns about an AI bubble have cooled. Watch global interest rate linkages and capital flows.#美债 #AI泡沫 #Global interest rates